Silver made a very sharp reversal a few weeks back and has dropped more than 40% so far from the all time highs. This is something we were concerned about, as a higher degree retracement was always somehow expected after the massive move of more than 300% from the April 2025 swing lows. Looking at the smaller 4 hour time frame, the current decline clearly looks impulsive, which supports the idea that this move is not finished yet. Price however can once again stabilize at support area around 70, sbut because of some range that is now forming between 65 and 92 there is a cahnce this is a corrective B wave, and that upside can be limimted, the only question is how deep can be a rally. Idealy resistance is at 90-100, but running triangle is also something we have to keep an eye on, as an alternate count, with reisstance at 80/83.
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